BGL Announces Sale of ENERGI Fenestration Solutions | national news
CLEVELAND, June 2, 2021 / PRNewswire / – Brown Gibbons Lang & Company (BGL) is pleased to announce the sale of ENERGI Fenestration Solutions, Ltd. (ENERGI), a holding company of OpenGate Capital. BGL’s industrial team served as ENERGI’s exclusive financial advisor in the process. The exact terms of the transaction were not disclosed.
The transaction adds to BGL’s long track record in the North American window and door and building products industry.
The transaction adds to BGL’s long experience in the North American window and door and building products industry, as well as its cross-border experience. The transaction included the sale of the main activities of ENERGI as follows:
- ENERGI Fenestration Solutions United States Operations, acquired by The Vision Group
- ENERGI Terrebonne Patio Doors Division, acquired by Groupe Novatech
- ENERGI Laval Extrusions, acquired by Thermoplast Extrusions
ENERGY, headquartered at Toronto, Ontario, is a leading North American platform in the vinyl fenestration solutions market with a broad portfolio of custom and proprietary linear window systems, finished and dismantled patio doors, interior vinyl shutters and mixtures. of PVC. The company operates through six facilities across Canada and United States, serving a very diverse base of long-standing customers. ENERGI window and patio door systems are used by window and door manufacturers who value the company’s designs, high quality, energy efficient products, superior aesthetics and customer service focus. .
The Vision Group, headquartered at Woodbridge, Ontario, is a customer-focused, technology-driven group of companies specializing in the construction products industry. Vision’s products include a range of applications including custom window and door profiles, patio doors, railings, columns, fencing and transportation. The Group’s state-of-the-art extrusion facilities, combined with a vertically integrated mix of raw materials, the design and manufacture of tools and dies, and downstream machine engineering, allow it to partner with a wide range of customers with varying needs.
The Novatech Group, headquartered at Sainte-Julie, Quebec, manufactures patio doors, entry doors, retractable screens and custom sealed glass. The company offers high quality products designed to enhance the residential experience of its customers, with a range of architectural products for the residential market. The development of the Novatech Group encompasses the pursuit of excellence, automation and innovation at all levels of the company.
Thermoplastic extrusions, headquartered at Laval, Quebec, manufactures linear window and door systems in the Quebec and Eastern Canada market.
OpenGate Capital is a global private equity firm specializing in the acquisition and operation of businesses to create new value through operational improvements, innovation and growth. Founded in 2005, OpenGate Capital is headquartered in Los Angeles, California with a European office in Paris, France. OpenGate professionals have the essential skills needed to acquire, transition, operate, build and scale successful businesses. To date, OpenGate Capital, through its historical and fund investments, has completed more than 30 acquisitions, including company splits, company buyouts, special situations and transactions with private sellers at through North America and Europe.
About Brown Gibbons Lang & Company
Brown Gibbons Lang & Company (BGL) is a leading independent investment bank and financial advisory firm focused on the global middle market. The firm advises private and public companies and private equity groups on mergers and acquisitions, capital markets, financial restructurings, valuations and opinions, and other strategic matters. BGL has investment banking offices in Chicago, Cleveland, and Philadelphia cream, and real estate agencies in Chicago, Cleveland, and San Antonio. The company is also a founding member of Global M&A Partners, enabling BGL to serve clients in more than 30 countries around the world. Securities transactions are conducted through Brown, Gibbons, Lang & Company Securities, Inc., a subsidiary of Brown Gibbons Lang & Company LLC and a registered broker and member of FINRA and SIPC. For more information, please visit www.bglco.com.
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SOURCE Brown Gibbons Lang & Company